Imperial Oil (IMO) Expected to Announce Quarterly Earnings on Friday

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) is anticipated to release its earnings data before the market opens on Friday, January 31st. Analysts expect Imperial Oil to post earnings of $1.36 per share and revenue of $11.18 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Imperial Oil Price Performance

NYSEAMERICAN:IMO traded up $0.12 on Tuesday, reaching $70.21. The stock had a trading volume of 303,214 shares, compared to its average volume of 566,753. The firm has a market cap of $35.74 billion, a price-to-earnings ratio of 10.46 and a beta of 1.45. The company has a current ratio of 1.44, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Imperial Oil has a 12-month low of $55.82 and a 12-month high of $80.17.

Imperial Oil Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd were issued a $0.4304 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.72 dividend on an annualized basis and a yield of 2.45%. Imperial Oil’s dividend payout ratio (DPR) is 25.34%.

Analyst Ratings Changes

A number of research firms have issued reports on IMO. JPMorgan Chase & Co. lowered shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a report on Thursday, December 19th. Wolfe Research downgraded shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $109.00.

About Imperial Oil

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.